The Company 2nd Quarter I 2017 © Siemens AG 2017. All rights reserved. siemens.com Disclaimer This document contains statements related to our future business and financial performance and future events or to developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forwardlooking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Risks in Siemens’ Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes supplemental financial measures – not clearly defined in IFRS – that are or may be non-GAAP financial measures. These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or to the results of operations as presented in accordance with IFRS in its Consolidated Financial Statements. Other companies that report or describe similarly titled financial measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided, and percentages may not precisely reflect the absolute figures. © Siemens AG 2017 Page 2 May 2017 siemens.com Our founder Werner von Siemens 1816 – 1892 Werner von Siemens was a responsible entrepreneur and far-sighted inventor whose name soon became a household word around the world. Far ahead of his time, he recognized and fostered the link between science and technology. “In my youth, I dreamed of founding an enterprise of world standing comparable to that of the Fugger dynasty …” Werner von Siemens, 1887 © Siemens AG 2017 Page 3 May 2017 siemens.com Second quarter of fiscal 2017 – Key figures Key figures for Siemens (Q2 2017 | Q2 2016) (Continuing operations; in millions of € except where otherwise stated) Q2 2017 Q2 2016 Change in %1 Volume Q2 2016 738 812 Liquidity 22,629 20,219 Orders Revenue 22,294 18,996 Free cash flow2 1% 5% Employees (in thousands) income2 Return on capital employed (ROCE)2 Sept. 30, 2016 351 113 238 Total Profitability and capital efficiency Net Q2 2017 1,483 13.3% 1,480 14.9% 0% Germany Outside Germany 1 Portfolio changes and currency effects adjusted 2 Continuing and discontinued operations Results of operations (Q2 2017) Industrial Business Building Digital Factory Energy Technologies Management Mobility Power and Gas Process Industries and Drives Wind Power and Renewables3 Healthineers4 Financial Services (SFS) (in millions of €) Orders Revenue Profit Profit margin 1,632 1,604 235 14.7% 2,864 2,706 482 17.8% 3,558 2,996 225 7.5% 3 for the last time reported as a Division, as of Q3 2017 Siemens Gamesa Renewable Energy 2,151 2,022 213 10.5% 4 Separately managed 3,855 4,104 461 11.2% 5 Income before income taxes 2,299 2,185 134 6.1% 3,142 1,516 155 10.3% 3,369 3,441 588 17.1% 2075 26.3%6 6 Return on equity (RoE) © Siemens AG 2017 Page 4 May 2017 siemens.com Fiscal 2016 – Key figures Key figures for Siemens: Fiscal 2016 (Continuing operations; in millions of € except where otherwise stated) Fiscal 2016 Fiscal 2015 Revenue by industrial business Change in % Volume 86,480 79,644 Orders Revenue 82,340 75,636 5% 5% Return on capital employed (ROCE)1 Process Industries and Drives 11% Digital Factory 13% Profitability and capital efficiency Net income1 Healthineers 17% 5,584 14.3% 7,380 21.0% (24)% Mobility 10% Power and Gas 20% Wind Power and Renewables 7% Energy Management 15% Building Technologies 8% Not included: Financial Services (SFS) Liquidity Free cash flow1 5,476 Employees (in thousands) Sept. 30, 2016 Sept. 30, 2015 351 113 238 Total Germany Outside Germany 4,674 Revenue by region Asia, Australia 19% 348 114 234 Europe, CIS2, Africa, Middle East (without Germany) 39% Americas 29% Germany 13% 1 Continuing and discontinued operations 2 Commonwealth of Independent States © Siemens AG 2017 Page 5 May 2017 siemens.com Global presence Share of total worldwide Americas Revenue1 Employees2 €22.7 billion 29% 72,600 21% Share of total worldwide Germany Revenue1 Employees2 €10.7 billion 13% 113,400 32% Europe (excluding Germany), CIS3, Africa, Middle East Revenue1 Employees2 €31.1 billion 39% 102,300 29% Share of total worldwide Asia, Australia Close to customers all over the world Revenue1 Employees2 Share of total worldwide €15.1 billion 19% 62,700 18% 1 by customer location 2 as of September 30, 2016 3 Commonwealth of Independent States All figures refer to continuing operations. © Siemens AG 2017 Page 6 May 2017 siemens.com Megatrends – Challenges that are transforming our world Digitalization In the future, we’ll be living in a world that’s increasingly interconnected by complex and heterogeneous systems. By 2020, the amount of data stored worldwide will have grown to 44 zettabytes. Around 50 billion devices will be linked online. Source: IDC, The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things, April 2014; Dave Evans (Cisco): The Internet of Things, How the Next Evolution of the Internet Is Changing Everything, April 2011 © Siemens AG 2017 Page 7 May 2017 siemens.com Megatrends – Challenges that are transforming our world Globalization Global competition is impacting productivity and production locations. In 2015 the estimated gross domestic product was approximately US$ 73.2 billion. Source: UNCTAD Statistics, Values and shares of merchandise exports and imports from 1948 to 2014, November 10, 2015 © Siemens AG 2017 Page 8 May 2017 siemens.com Megatrends – Challenges that are transforming our world Urbanization In 2050, nearly 70 percent of the global population will be living in cities (up from 54 percent today). Each year, the world’s cities grow by about 50 million people. As a result, metropolitan areas are increasingly investing in infrastructure. Source: United Nations, World Urbanization Prospects. The 2014 Revision, New York, published 2015 © Siemens AG 2017 Page 9 May 2017 siemens.com Megatrends – Challenges that are transforming our world Demographic change By 2050, the global population will have grown from the current level of 7.3 billion to 9.7 billion – and needs will rise accordingly. Back in 1950, there were only 2.5 billion people on the planet. In addition, average life expectancy will have risen from today’s figure of 73 years to 83 years by 2050. Source: United Nations, Department of Economic and Social Affairs, Population Division (2015). World Population Prospects: The 2015 Revision, Key Findings and Advance Tables. Working Paper No. ESA/P/WP.241; Statista: World Population, 2016 © Siemens AG 2017 Page 10 May 2017 siemens.com Megatrends – Challenges that are transforming our world Climate change According to scientists, in the summer of 2015, the Earth’s atmosphere had the highest CO2 concentration in 800,000 years. In 2015 the UN Climate Change Conference in Paris resolved to limit global warming made by humans to well below 2°Celsius. Source: SCRIPPS INSTITUTE OF OCEANOGRAPHY, “The Keeling Curve”, November 11, 2015 © Siemens AG 2017 Page 11 May 2017 siemens.com Milestones of a 170-year history 1816 – 1892 Company founder, visionary and inventor Werner von Siemens 1866 1959 1983 2012 The dynamo makes electricity part of everyday life SIMATIC makes Siemens a leader in automation technology First magnetic resonance imaging scanner goes into operation Test operation of the world’s largest rotor for offshore wind turbines Siemens innovations over the past 170 years 1847 1925 1975 2010 2016 Pointer telegraph lays the foundation of Siemens as a global company Siemens electrifies the Irish Free State with a hydroelectric power plant Breakthrough of high-voltage direct current (HVDC) transmission TIA Portal takes automation a stage further World’s most efficient combined cycle power plant © Siemens AG 2017 Page 12 May 2017 siemens.com Our claim “Ingenuity for life” “Ingenuity” stands for innovation, engineering and genius. For us, it also includes unity: We are united in our efforts, and we are committed to partnering with our customers. “For life” relates to our role in society: to make real what matters. “Ingenuity for life” is therefore our unrelenting drive and promise to create value for customers, employees and society. © Siemens AG 2017 Page 13 May 2017 siemens.com What we stand for – Our mission © Siemens AG 2017 Page 14 May 2017 siemens.com Vision 2020 – our company’s strategy program Value Scale up Strengthen core Drive performance Foster ownership culture and leadership based on common values 2015 Strategic direction Operational consolidation 2016 Optimization 2017 2018 2019 2020 Accelerated growth and outperformance © Siemens AG 2017 Page 15 May 2017 siemens.com Vision 2020 – Our focus is E-A-D – and there is strong growth in “D” Revenue FY 2016 Digitalization Leader Siemens software ~€3.3bn Market CAGR FY17-20 Strategic direction Digital services ~€1.0bn ~+8% Cloud data platform: MindSphere Strengthen leadership by combining software, platforms & services +12 %1 Enhanced automation Automation Global #1 ~€18bn Electrification Leader Enhanced electrification ~€42bn Note: Figures based on Industrial Business Classic services ~€17bn +3-4% Expand #1 position and utilize for digitalization +1-2% Differentiate through enhanced offerings with automation & digitalization 1 Growth FY15 to FY16, rebased © Siemens AG 2017 Page 16 May 2017 siemens.com Strengthen portfolio: We’re sharpening our business focus in electrification, automation and digitalization Digitalization • Added value for our customers increasingly lies in software solutions and digital services and platforms • We want to exploit the opportunities offered by digitalization even better Automation • In automation we’ve already captured leading market positions worldwide • We’ve been successfully automating customer processes for years • We intend to maintain and expand these positions Electrification • Our roots are in electrification. We’re a leader in this field • We’re well positioned along the value chain of electrification • We’re capitalizing on a growing installed base and creating customer value through profitable service business © Siemens AG 2017 Page 17 May 2017 siemens.com Vision 2020 – Clear intents for our seven overarching goals GOAL 1 2 3 4 5 6 7 INTENT KPI Implement stringent company governance with effective support functions Live lean governance and drive continuous optimization €1bn cost savings by FY 2016 achieved, continued productivity of 3-5% Strengthen portfolio Sharpen our business focus in electrification, automation, and digitalization Tap growth fields Execute financial target system Grow our company value Expand global management Get closer to our customers and markets Be a partner of choice for our customers Foster an intimate and trusting partnership with our customers Be an employer of choice Unleash the full potential of our people > 75% approval rating in “leadership” and “diversity” in SGES Foster Ownership Culture Ignite pride and passion for Siemens, through a new mindset and equity ownership ≥ 50% increase in number of employee shareholders > 8% margin in underperforming businesses 15-20% ROCE Growth > most relevant competitors > 30% of Division and BU management outside Germany 1 ≥ 20% improvement in Net Promoter Score © Siemens AG 2017 Page 18 May 2017 siemens.com Innovation is our lifeblood Investment in research and development R&D expenditures1 R&D intensity1 R&D employees (worldwide)1 €4.7 billion 5.9% 33,000 Inventions and patents Inventions1 7,500 Patent first filings1 3,500 Patents granted as of September 30, 2016 60,000 University partnerships Center of Knowledge Interchange (CKI) universities1 Principal Partner universities1 9 16 1 in fiscal 2016 © Siemens AG 2017 Page 19 May 2017 siemens.com Innovation – our digital portfolio Design & engineering Siemens Software Automation & operation Maintenance & services Siemens Digital Services Sinalytics Apps MindSphere – the IoT operating system Digitally enhanced Electrification and Automation © Siemens AG 2017 Page 20 May 2017 siemens.com The next generation of innovation – A separately managed unit for startups Collaboration with startups Capital volume €1 billion for five years In October 2016, Siemens set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit’s name, next47, plays on the fact that Siemens was founded in 1847. We are using next47 to pool our existing startup activities. Cooperate Invest Found Selected innovation fields Distributed electrification Artificial intelligence Connected (e-)mobility Autonomous machines Block-chain applications © Siemens AG 2017 Page 21 May 2017 siemens.com Being an employer of choice Siemens invests about €500 million each year in the training and education of employees. Siemens’ Europeans@Siemens program enables more than 100 young people from EU countries as well as Turkey, Egypt, Algeria, Morocco and South Africa to participate in work-study programs in Germany in the fields of electronics and mechatronics. 165,000 Siemens employees own company shares and are thus co-owners of the company. In FY 2016, 6,735 young Siemens employees were enrolled in work-study programs that combine academic learning with practical experience. © Siemens AG 2017 Page 22 May 2017 siemens.com Sustainability is a key enabler of Vision 2020 Environment We make real what matters by enhancing responsible business practices, preserving the environment and developing people and society. http://www.siemens.com/global/en/home/company/sustainability.html • Resource conservation • Product stewardship • Decarbonization Decarbonization • Environmental Portfolio helped our customers to reduce their CO2-footprint by 521 million tons in FY16 • Siemens aims to become carbon neutral by 2030 Responsible Business Practices People and Society • Sustainable Supply Chain • Human Rights • Compliance • Diversity • Education • Corporate Citizenship • Business to Society • Health & Safety Compliance System • Effective prevention, detection, and response to compliance violations (Zero tolerance principle) • The >100 Mio. US$ Siemens Integrity Initiative supports clean business worldwide Health & Safety • Our goal: Every employee should rely on an intact and safe working environment to return healthily and safely to their family and friends • Programs: Healthy@Siemens and Zero Harm Culture © Siemens AG 2017 Page 23 May 2017 siemens.com Sustainability – Siemens aims to be net-carbon-neutral by 2030 We are investing over €100 million in measures to reduce our carbon footprint 2.2 million tons CO2 1.7 -50% -100% million tons CO2 Drive energy-efficiency program Increase energy efficiency in factories, employ sustainable technologies in new buildings Leverage distributed energy systems Reduce energy costs and CO2 emissions Reduce fleet emissions Utilize potential of low-emission cars in fleet, including electromobility Electricity Purchase green energy Move toward a significantly cleaner power mix with a strong focus on renewable energy and highly efficient gas Heating / Process heat Fleet Other 2014 2016 2020 2030 Independent auditors will monitor and report on progress of implementation © Siemens AG 2017 Page 24 May 2017 siemens.com Sustainability – Corporate Citizenship: Embracing our responsibility to society Our social commitment takes many forms, including donations, foundations, disaster relief, employee volunteering activities, sponsorships and educational programs. www.siemens.com/global/en/home/company/sustainability/ corporatecitizenship.html Supporting refugees is part of our responsibility to society. For example, we offer professional orientation through internships, provide accommodations, make donations and hold preparatory classes for young refugees. Since 2008, we have reserved 10 percent of our apprenticeships in Germany for disadvantaged young people. Vocational training and integration are key enablers for overcoming social exclusion. About 90 percent of these trainees complete their courses successfully. We train employees locally. In India, for example, we plan to train 108 apprentices a year. In Egypt, we are building a training center for employees and customers. In South Africa, we built and equipped the Mandela School of Science & Technology. © Siemens AG 2017 Page 25 May 2017 siemens.com Vision 2020 – Five elements create Ownership culture Values – Our foundation • Responsible • Excellent • Innovative Equity Supports a sense of long-term, output and profit orientation Behaviors Ownership culture People orientation • Empowerment and trust • Honesty, openness and collaboration • Respect • Focus • Initiative and execution Leadership • Be bold, decisive and courageous • Exemplify “Siemens matters” • Motivate and engage © Siemens AG 2017 Page 26 May 2017 siemens.com Management | Managing Board of Siemens AG Joe Kaeser Roland Busch President and Chief Executive Officer Chief Technology Officer Governance and Markets CIS1 Americas Africa Middle East Power and Gas Europe Building Technologies Power Generation Services Digital Factory Communications Legal and Compliance Mobility Lisa Davis Klaus Helmrich Janina Kugel Cedrik Neike Michael Sen Chief HR Officer next47 Process Industries and Drives Human Resources Ralf P. Thomas Chief Financial Officer Asia, Australia Global Services Energy Management Healthineers2 Siemens Gamesa Renewable Energy2 Controlling and Finance Financial Services Corporate Development Corporate Technology 1 Commonwealth of Independent States; 2 Separately managed © Siemens AG 2017 Page 27 May 2017 siemens.com Management | Divisions Willi Meixner Tim Holt Matthias Rebellius Jan Mrosik Bernd Montag CEO CEO CEO CEO CEO Power and Gas Power Generation Services Building Technologies Digital Factory Healthineers1 Markus Tacke Ralf Christian Jochen Eickholt Jürgen Brandes CEO CEO CEO CEO Siemens Gamesa Renewable Energy1 Energy Management Mobility Process Industries and Drives Roland ChalonsBrowne CEO Financial Services 1 separately managed © Siemens AG 2017 Page 28 May 2017 siemens.com Our business – Building Technologies The Building Technologies Division is a leading global provider of safe, energy-efficient and environmentally friendly building and infrastructure technologies. As a technology partner, consultant, service provider, systems integrator and supplier, the Division offers solutions for fire safety, security, building automation, heating, ventilation and air conditioning (HVAC) as well as energy management. www.siemens.com/about/building-technologies World leader for building technologies Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 6,435 6,156 27,700 6,099 5,999 27,100 1 as of September 30, 2016 © Siemens AG 2017 Page 29 May 2017 siemens.com Our business – Digital Factory The Digital Factory Division offers a comprehensive portfolio of seamlessly integrated hardware, software and technology-based services to support manufacturing companies worldwide in enhancing the flexibility and efficiency of their production processes and in reducing the time to market of their products. The ultimate goal is the complete integration and digital representation of the physical value chain. The platform for this is called Digital Enterprise. Helping the global manufacturing industry go digital as companies move toward Industrie 4.0 www.siemens.com/about/digital-factory Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 10,332 10,172 45,000 10,036 9,988 43,500 1 as of September 30, 2016 © Siemens AG 2017 Page 30 May 2017 siemens.com Our business – Energy Management The Energy Management Division is one of the leading global suppliers of products, systems, solutions and services for the economical, reliable and intelligent transmission and distribution of electrical power. The Division’s portfolio ranges from systems for the low-voltage and distribution power grid level to smart grids and energy automation solutions to power supplies for industrial plants and high-voltage transmission systems. www.siemens.com/about/energy-management Partner for efficient power infrastructure Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 12,963 11,940 52,400 12,956 11,922 52,400 1 as of September 30, 2016 © Siemens AG 2017 Page 31 May 2017 siemens.com Our business – Financial Services The Financial Services Division helps enterprise customers implement investment projects by providing project-related and structured financing as well as leasing and equipment financing. The success of Financial Services is built on a unique combination of risk competence, technological expertise and reliable financial resources. Through our international network of SFS companies, we provide – subject to countryspecific legal requirements – a diverse range of financial solutions. www.siemens.com/about/financial-services Financial solutions for business customers Orders in millions of € Employees1 FY 2016 FY 2015 26,446 3,200 24,970 3,200 1 as of September 30, 2016 © Siemens AG 2017 Page 32 May 2017 siemens.com Our business – Mobility The efficient, safe and environmentally friendly transportation of people and goods by rail and road – the Mobility Division bundles all of Siemens’ transportation-related products, solutions and services. Advanced networked and IT-based mobility solutions and comprehensive knowhow are increasing infrastructure availability, optimizing route use and raising travel quality to new levels – by rail, on the road, or across multiple modes of transportation. www.siemens.com/about/mobility Transportation solutions for the future Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 7,875 7,825 27,100 10,262 7,508 26,400 1 as of September 30, 2016 © Siemens AG 2017 Page 33 May 2017 siemens.com Our business – Power and Gas The Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas. www.siemens.com/about/power-gas Leading in power generation Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 19,454 16,471 48,700 15,742 13,418 50,300 1 as of September 30, 2016 © Siemens AG 2017 Page 34 May 2017 siemens.com Our business – Process Industries and Drives With innovative, integrated technologies for the entire lifecycle, the Process Industries and Drives (PD) Division helps customers measurably increase productivity, shorten time-to-market, and improve the reliability, safety, and efficiency of products, processes and plants. All over the world, customers are benefiting from future-proof automation, drive technology, industrial software, and services based on best-in-class technology platforms. www.siemens.com/about/process-industries Productivity, reliability, safety, flexibility, efficiency Orders in millions of € Revenue in millions of € Employees1 FY 2016 FY 2015 8,939 9,038 45,000 9,144 9,553 46,300 1 as of September 30, 2016 © Siemens AG 2017 Page 35 May 2017 siemens.com Our business – Siemens Healthineers Siemens Healthineers1 enables healthcare providers around the world to deliver high-quality patient care. As a leading global healthcare company, we’re continuously developing our portfolio, expanding our medical imaging and laboratory diagnostics offerings and augmenting them with a growing range of healthcare management, consulting and IT services – such as advanced therapeutic solutions and molecular in-vitro diagnostics. www.siemens.com/about/healthineers Next-generation medical technology Orders in millions of € Revenue in millions of € Employees2 1 separately managed FY 2016 FY 2015 13,830 13,535 46,200 13,349 12,930 44,800 2 as of September 30, 2016 © Siemens AG 2017 Page 36 May 2017 siemens.com Our business – Siemens Gamesa Renewable Energy Siemens Gamesa Renewable Energy1 is a leading supplier of reliable, environmentally friendly, and cost-efficient renewable energy solutions. The wind turbines offered by Siemens Gamesa Renewable Energy are a worthwhile investment from both a financial and an environmental perspective. Our wind power solutions deliver clean, renewable energy from onshore and offshore installations all over the world. www.siemens.com/about/wind-power World market leader in offshore wind power Orders in millions of € Revenue in millions of € Employees2 FY 20163 FY 20153 7,973 5,976 14,500 6,136 5,660 12,800 1 separately managed 2 as of September 30, 2016 3 figures based on the former Division Wind Power and Renewables © Siemens AG 2017 Page 37 May 2017 siemens.com A strong partner all around the world – Germany • Provided 500,000 jobs1 • Generated gross added value1 of €50 billion • Invested €97 million per year in employees Revenue2 in billions of € Employees3 FY 2016 FY 2015 10.7 11.2 113,400 114,000 Beginning in 2020, DB Regio AG will operate its Rhine Valley rail network with 39 regional trains supplied by Siemens. The order comprises 15 Desiro HC and 24 Mireo trains. This is the first order for vehicles based on the new articulated Mireo regional train platform that was recently premiered at Innotrans. 1 directly, indirectly and indexed 2 from customers in Germany 3 as of September 30, 2016; continuing operations Siemens is building the EnBW Hohe See offshore wind farm, which comprises 71 seven-megawatt wind turbines. The turbines are being manufactured at Siemens’ new nacelle plant in Cuxhaven. The wind farm, which will begin operation in 2019, will generate 497 megawatts of electricity for 560,000 households. In March, the cornerstone was laid for the service and maintenance depot being built for Rhine Ruhr Express (RRX) trains in Dortmund. Test operations will begin at the depot in 2018. The facility will be the service and maintenance center for all 82 RRX trains for the next 32 years. © Siemens AG 2017 Page 38 May 2017 siemens.com A strong partner all around the world – Europe,1 CIS,2 Africa, Middle East Siemens is supplying electrical equipment for Africa’s first automated container terminal. Located in Tangier (Morocco), the terminal will be able to accommodate container ships that have a capacity of up to 20,000 twenty-foot equivalent units (TEUs). The order includes electrical and automation systems as well as 32 automated stacking cranes. • More than 20% of all industrial processes in South Africa operate using control systems from Siemens • Over the past ten years, Siemens has invested nearly €1 billion in Russia Revenue3 in billions of € Employees4 FY 2016 FY 2015 31.1 27.6 102,300 98,800 3 from customers in Europe (excluding Germany), CIS, Africa, Middle East 4 as of September 30, 2016; continuing operations Copyright: APMT Siemens is building a link between the French and British power grids. When commissioned at the beginning of 2020, the ElecLink will be 51 kilometers long. Located in the Channel Tunnel, it will increase power transmission capacity by 50 percent. The world's first battery-powered fish farming boat is now in operation in Norway. Siemens supported local shipbuilder Ørnli Slipp by developing and supplying the boat’s complete electrical propulsion and control systems. 1 excluding Germany 2 Commonwealth of Independent States © Siemens AG 2017 Page 39 May 2017 siemens.com A strong partner all around the world – The Americas • 50% of Brazil’s electricity is generated by Siemens systems • Over the past 15 years, Siemens has invested about $35 billion in the U.S. FY 2016 FY 2015 22.7 21.7 72,600 73,500 Revenue1 in billions of € Employees2 1 from customers in the Americas 2 as of September 30, 2016; continuing operations Siemens hosted Innovation Day 2017 in Princeton, New Jersey, on March 27. The event showcased the company’s latest innovations and projects – and their applications. Experts also discussed trends such as artificial intelligence and autonomous systems. Siemens is supplying a total of 12 gas turbines for four industrial power plants in Argentina on a turnkey basis. Six industrial Trent 60 turbines are being installed at two plants in the Buenos Aires area. The remaining six turbines are being installed at plants in San Pedro and Zarate. The 12 turbines will generate a total of 690 megawatts of electricity. Siemens is modernizing four drive systems at ore mills belonging to Chilean mining company Compañía Minera Doña Inés de Collahuasi SCM. The new systems will boost the mills’ reliability and greatly increase their throughput. Copyright: “Presidencia de la Nacion” (Argentina) © Siemens AG 2017 Page 40 May 2017 siemens.com A strong partner all around the world – Asia, Australia • 30% of China’s energy is generated by Siemens systems • Siemens has manufacturing operations at 22 locations in India FY 2016 FY 2015 15.1 15.1 62,700 61,500 Revenue1 in billions of € Employees2 The Indian utility Power Grid Corporation of India Ltd. has commissioned Siemens to supply three large reactive power compensation systems of the SVC Classic series. Two of the three systems began operation at the end of 2016 in order to meet the growing demand for electrical power and improve grid stability. 1 from customers in Asia, Australia 2 as of September 30, 2016; continuing operations Siemens and Sumitomo Electric have received an order to supply an HVDC link in South India. The link, which will be about 200 kilometers long, will be India’s first DC link to feature voltage-sourced converter (VSC) technology. VSC, which is the latest innovation in HVDC technology, offers very stable and highly flexible reactive power control. Siemens has been commissioned to supply a gas turbine and generator for the Sirajganj III combined cycle power plant in Bangladesh. Financial Services (SFS) is supporting the project with a construction loan of up to USD80 million. © Siemens AG 2017 Page 41 May 2017 siemens.com Contact Siemens AG CC TL SP Wittelsbacherplatz 2 80333 Munich Germany siemens.com [email protected] For further information: siemens.com/about siemens.com/press siemens.com/investors siemens.com/innovations siemens.com/careers © Siemens AG 2017 Page 42 May 2017 siemens.com
© Copyright 2026 Paperzz